Missouri Minute: AMC responds to subscription craze; nail maker teeters on brink

Here are today’s top headlines from across Missouri:

St. Louis firm Millstone acquires vegan chain Native Foods Café

Millstone Capital Advisors is adding to its menu of restaurant holdings. The Clayton-based private equity firm has acquired Native Foods Café, a fast-casual vegan restaurant chain headquartered in Chicago. Read more

Amid MoviePass noise, AMC introduces $20 monthly subscription

AMC Theatres, the Leawood, Kansas-based cinema chain, has been vocal in expressing concern about the low monthly price offered by MoviePass, the movie-per-day subscription service. Now, AMC will offer a monthly subscription option of its own, at a higher price point than MoviePass. Read more

NBKC Bank, LaunchKC introduce accelerator for fintech startups

NBKC Bank and the LaunchKC grants competition are partnering to launch Fountain City Fintech, a new accelerator program for financial technology startups. The accelerator will invest at least $50,000 in five early-stage companies, in exchange for an equity stake of between 2 and 4 percent. Read more

Vote OKs new sales, property taxes to fund KC streetcar expansion

Plans to expand the Kansas City streetcar toward the University of Missouri-Kansas City’s campus are moving forward after voters in a new Transportation Development District approved special property and sales taxes to support the project. Two ballot measures to help fund the $227 million expansion passed by 3-to-1 margins. Read more

Poplar Bluff nail producer fears closure in face of steel tariffs

Executives from Mid Continent Nail Corp., a major nail manufacturer located in Poplar Bluff, say their business may not survive until Labor Day due to increased prices on raw materials resulting from the Trump Administration’s 25 percent steel tariff. The company, which is a subsidiary of Mid Continent Steel & Wire, employs about 500 workers in southeast Missouri and has already begun laying some off, according to an executive. Read more

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